Inflation is cooling, but prices on many items are going to stay high for months

A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. related investing news Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And…

Read More

Stocks making the biggest moves midday: Six Flags, Rivian, Bumble, Coinbase, Dutch Bros and more

Travis Boersma, Dutch Bros Coffee at the NYSE, September 15, 2021. Source: NYSE Check out the companies making headlines in midday trading Thursday. Coinbase – The cryptocurrency exchange was up 9.6% after Oppenheimer said Coinbase was well-positioned while the larger sector was having its “Lehman Brothers moment.” The failed deal between Binance and FTX caused a “calamitous hurricane,” the firm said. Rivian – The electric vehicle maker jumped 18% after the company reported a smaller-than-expected quarterly loss and said its production would remain on track despite supply chain snafus. Six…

Read More

Stocks making the biggest moves premarket: Tapestry, WeWork, Rivian and others

Check out the companies making headlines before the bell: Tapestry (TPR) – The company behind the Coach and Kate Spade brands beat top and bottom line estimates for its latest quarter, but cut its full-year forecast for the impact of the strong U.S. dollar and China’s Covid-19 restrictions. Tapestry slid 2% in premarket trading. Nio (NIO) – The China-based electric car maker posted a wider-than-expected quarterly loss, but said it expected deliveries to nearly double in the current quarter from a year ago. Nio shares jumped 5.5% in premarket trading.…

Read More

Stocks making the biggest moves after hours: Bumble, Rivian, Dutch Bros, FICO and more

The display outside the Nasdaq MarketSite is pictured as the dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021. Mike Segar | Reuters Check out the companies making headlines in after-hour trading. Bumble – The dating app company plummeted 15% after it reported third-quarter revenue was below Wall Street’s expectations, according to StreetAccount. Bumble said fourth-quarter revenue and adjusted earnings before interest, taxes, depreciation, and amortization would likely come in under expectations…

Read More

Cramer’s lightning round: Stay long on CF Industries

ON Semiconductor Corp: “Right now, I’ve got a pause on the semis. Why? Because we’ve got so many problems right now in China.” Dutch Bros Inc: “I want you to put half the position on now, and then half when it goes below $30. … I like the stock, though.” NIO Inc: “I have to say no to that. … I think that that stock is not a buy.” Cinemark Holdings Inc: “This is a very difficult business. … I’m going to have to say, once again, [don’t buy.]” Cano…

Read More

Cramer’s week ahead: Hot inflation numbers could push Fed to raise rates in August

CNBC’s Jim Cramer on Monday said the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows that inflation isn’t abating. “The Fed is still in charge of this market. A week ago, it looked like they might ease up, but after Friday’s red-hot jobs number and the passage of the [Inflation Reduction Act], I’m worried they might lower the boom on us even before September comes,” he said. “If both numbers are scorchers, we will get a surprise…

Read More

Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEOs are split on how consumer behavior is changing and whether it’s impacting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill’s Brian Niccol are among those who told investors that low-income consumers are spending less money at their locations, while higher-income customers are visiting more frequently. Other chief executives, like Starbucks’ Howard Schultz and Bloomin’ Brands’ David…

Read More

Stocks making the biggest moves midday: DocuSign, Campbell, Moderna and more

The Docusign Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Campbell Soup – The food company saw shares gain 2.3% after reporting a better-than-expected quarterly report. Campbell posted an adjusted profit of 70 cents per share, 9 cents above Refinitiv consensus estimates. Sales also beat forecasts and Campbell raised its full-year sales outlook. The company reiterated its prior earnings forecast, noting it now expects…

Read More

Sweetgreen stock is one to watch in 2022 after this year’s IPO

Jonathan Neman, Nicolas Jammet, and Nathaniel Ru, Sweetgreen at the NYSE, November 18, 2021 Source: NYSE In a year that was hot for restaurant IPO stocks, one of the late entries may have a more exciting year ahead, building a new category and showing the power of tech investments. After a rough 2020, restaurant stocks performed better this year as vaccinations and loosened restrictions lifted investors’ confidence in the segment. Swept up in that optimism, five restaurant companies, including Krispy Kreme and Dutch Bros, chose to go public through initial…

Read More

Jim Cramer warns investors: Get used to shrinking valuations for once high-flying stocks

CNBC’s Jim Cramer said Tuesday investors need to confront a “new formula” for identifying winning stocks as long as Wall Street remains worried about the Federal Reserve tapping the brakes on the hot U.S. economy. “We have to get used to shrinking valuations for fast growers, especially the ones that trade on a price-to-sales basis,” the “Mad Money” host said, referring to a valuation metric that’s often applied to unprofitable companies. “Sooner or later, I think this sell-off is going to run its course, and I’m still looking for a…

Read More